Robert W. Baird restated their hold rating on shares of WESCO International, Inc. (NYSE:WCC) in a research note issued to investors on Wednesday. Robert W. Baird currently has a $56.00 price objective on the technology company’s stock.

A number of other research analysts also recently weighed in on the company. BidaskClub downgraded WESCO International from a sell rating to a strong sell rating in a report on Wednesday, June 21st. TheStreet downgraded WESCO International from a b- rating to a c rating in a report on Wednesday, June 14th. Wolfe Research started coverage on WESCO International in a report on Tuesday, July 11th. They set an outperform rating and a $66.00 target price on the stock. Zacks Investment Research upgraded WESCO International from a sell rating to a buy rating and set a $64.00 target price on the stock in a report on Tuesday, July 4th. Finally, Northcoast Research started coverage on WESCO International in a report on Tuesday, July 25th. They set a buy rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. WESCO International currently has an average rating of Buy and a consensus price target of $67.07.

Shares of WESCO International (WCC) opened at 58.10 on Wednesday. The firm has a market cap of $2.79 billion, a PE ratio of 27.55 and a beta of 1.80. WESCO International has a 1-year low of $48.95 and a 1-year high of $76.15. The company’s 50-day moving average price is $53.91 and its 200 day moving average price is $58.64.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 27th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. WESCO International had a return on equity of 9.11% and a net margin of 1.41%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that WESCO International will post $3.74 EPS for the current year.

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In related news, CFO David S. Schulz purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $51.57 per share, for a total transaction of $206,280.00. Following the purchase, the chief financial officer now directly owns 9,000 shares of the company’s stock, valued at approximately $464,130. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Capital Management LLC purchased a new stake in WESCO International during the 2nd quarter valued at $202,000. D.A. Davidson & CO. boosted its stake in WESCO International by 32.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock valued at $204,000 after purchasing an additional 866 shares during the last quarter. Trust Co. of Vermont purchased a new stake in WESCO International during the 2nd quarter valued at $229,000. Quantbot Technologies LP purchased a new stake in WESCO International during the 2nd quarter valued at $238,000. Finally, OppenheimerFunds Inc. boosted its stake in WESCO International by 14.3% during the 1st quarter. OppenheimerFunds Inc. now owns 5,009 shares of the technology company’s stock valued at $348,000 after purchasing an additional 626 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Analyst Recommendations for WESCO International (NYSE:WCC)

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